Policy for Responding to Large-Scale Purchases
First written in FY2016. 11 of 13 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2023: 1 of 11 companies on the "Worse" side.
49 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「The effective period of this measure will expire when the ordinary general meeting of shareholders scheduled for 24 June 2025 concludes. At a Board of Directors meeting held on 20 May 2025, the Company resolved that the measure would end upon the expiration of its effective period at the conclusion of this shareholders’ meeting and would not be continued.」
The Company explicitly stated that the takeover defense policy applicable to acquisitions resulting in a voting rights ratio of 20% or more would end when the shareholders’ meeting concluded on 24 June 2025 and would not be continued. - FY2020RestatedAnnual report
「The outline of this policy is that large-scale purchasers seeking to acquire the Company’s shares or other securities in a transaction that would result in a voting rights ratio of 20% or more must comply with the large-scale purchase rules set out in the policy, including providing the necessary information on the large-scale purchase in advance and allowing sufficient time for the Board of Directors to evaluate and deliberate on it. The Company may implement defensive measures if the large-scale purchaser does not comply with the rules, or if it is clearly recognized that the large-scale purchase would materially harm the Company’s corporate value and, by extension, the common interests of its shareholders even when the rules have been followed.」
The Company continues to set out a policy applicable to large-scale purchases resulting in a voting rights ratio of 20% or more, together with procedures for providing information, securing time for review and implementing defensive measures. - FY2020-Q3RestatedAnnual report
「The outline of this policy is that large-scale purchasers seeking to acquire the Company’s shares or other securities in a transaction that would result in a voting rights ratio of 20% or more must comply with the large-scale purchase rules set out in the policy, including providing the necessary information on the large-scale purchase in advance and allowing sufficient time for the Board of Directors to evaluate and deliberate on it. The Company may implement defensive measures if the large-scale purchaser does not comply with the rules, or if it is clearly recognized that the large-scale purchase would materially harm the Company’s corporate value and, by extension, the common interests of its shareholders even when the rules have been followed.」
The Company continues to set out a framework applicable to large-scale purchases resulting in a voting rights ratio of 20% or more for providing information, securing time for review and implementing defensive measures. - FY2020-Q2RestatedAnnual report
「The outline of this policy is that large-scale purchasers seeking to acquire the Company’s shares or other securities in a transaction that would result in a voting rights ratio of 20% or more must comply with the large-scale purchase rules set out in the policy, including providing the necessary information on the large-scale purchase in advance and allowing sufficient time for the Board of Directors to evaluate and deliberate on it. The Company may implement defensive measures if the large-scale purchaser does not comply with the rules, or if it is clearly recognized that the large-scale purchase would materially harm the Company’s corporate value and, by extension, the common interests of its shareholders even when the policy has been followed.」
The policy applies to large-scale purchases resulting in a voting rights ratio of 20% or more and continues to set out a framework for providing information, securing time for review and implementing defensive measures. Procedures including giving priority to shareholder intentions, a sunset clause and a special committee were also described. - FY2019-Q2RestatedAnnual report
「The outline of this policy is that large-scale purchasers seeking to acquire 20% or more of the Company’s shares or other securities must comply with the large-scale purchase rules set out in the policy, including providing the necessary information on the large-scale purchase in advance and allowing sufficient time for the Board of Directors to evaluate and deliberate on it. The Company may implement defensive measures if the large-scale purchaser does not comply with the rules, or if it is clearly recognized that the large-scale purchase would materially harm the Company’s corporate value and, by extension, the common interests of its shareholders even when the rules have been followed.」
The Company continues to set out a takeover defense policy applicable to acquisitions of 20% or more, rules for providing information and securing time for review, and a framework for defensive measures. - FY2019-Q1RestatedAnnual report
「The outline of this policy is that large-scale purchasers seeking to acquire 20% or more of the Company’s shares or other securities must comply with the large-scale purchase rules set out in the policy, including providing the necessary information on the large-scale purchase in advance and allowing sufficient time for the Board of Directors to evaluate and deliberate on it. The Company may implement defensive measures if the large-scale purchaser does not comply with the rules, or if it is clearly recognized that the large-scale purchase would materially harm the Company’s corporate value and, by extension, the common interests of its shareholders even when the rules have been followed.」
The Company continues to set out a takeover defense policy applicable to acquisitions of 20% or more, rules for providing information and securing time for review, and a framework for defensive measures. - FY2018-Q3RestatedAnnual report
「The outline of this policy is that large-scale purchasers seeking to acquire 20% or more of the Company’s shares or other securities must comply with the large-scale purchase rules set out in the policy, including providing the necessary information on the large-scale purchase in advance and allowing sufficient time for the Board of Directors to evaluate and deliberate on it. The Company may implement defensive measures if the large-scale purchaser does not comply with the rules, or if it is clearly recognized that the large-scale purchase would materially harm the Company’s corporate value and, by extension, the common interests of its shareholders even when the rules have been followed.」
The Company continues to set out a takeover defense policy applicable to acquisitions of 20% or more, rules for providing information and securing time for review, and a framework for defensive measures. - FY2018-Q2RestatedAnnual report
「The outline of this policy is that large-scale purchasers seeking to acquire 20% or more of the Company’s shares or other securities must comply with the large-scale purchase rules set out in the policy, including providing the necessary information on the large-scale purchase in advance and allowing sufficient time for the Board of Directors to evaluate and deliberate on it. The Company may implement defensive measures if the large-scale purchaser does not comply with the rules, or if it is clearly recognized that the large-scale purchase would materially harm the Company’s corporate value and, by extension, the common interests of its shareholders even when the rules have been followed.」
The Company continues to set out a takeover defense policy applicable to acquisitions of 20% or more, rules for providing information and securing time for review, and a framework for defensive measures. - FY2018-Q1RestatedAnnual report
「The outline of this policy is that large-scale purchasers seeking to acquire 20% or more of the Company’s shares or other securities must comply with the large-scale purchase rules set out in the policy, including providing the necessary information on the large-scale purchase in advance and allowing sufficient time for the Board of Directors to evaluate and deliberate on it. The Company may implement defensive measures if the large-scale purchaser does not comply with the rules, or if it is clearly recognized that the large-scale purchase would materially harm the Company’s corporate value and, by extension, the common interests of its shareholders even when the rules have been followed.」
The Company continues to set out a takeover defense policy applicable to acquisitions of 20% or more, rules for providing information and securing time for review, and a framework for defensive measures. - FY2017-Q3RestatedAnnual report
「The outline of this policy is that large-scale purchasers seeking to acquire 20% or more of the Company’s shares or other securities must comply with the large-scale purchase rules set out in the policy, including providing the necessary information on the large-scale purchase in advance and allowing sufficient time for the Board of Directors to evaluate and deliberate on it. The Company may implement defensive measures if the large-scale purchaser does not comply with the rules, or if it is clearly recognized that the large-scale purchase would materially harm the Company’s corporate value and, by extension, the common interests of its shareholders even when the rules have been followed.」
The Company continues to set out a takeover defense policy applicable to acquisitions of 20% or more, rules for providing information and securing time for review, and a framework for defensive measures. - FY2017-Q2RestatedAnnual report
「The outline of this policy is that large-scale purchasers seeking to acquire 20% or more of the Company’s shares or other securities must comply with the large-scale purchase rules set out in the policy, including providing the necessary information on the large-scale purchase in advance and allowing sufficient time for the Board of Directors to evaluate and deliberate on it. The Company may implement defensive measures if the large-scale purchaser does not comply with the rules, or if it is clearly recognized that the large-scale purchase would materially harm the Company’s corporate value and, by extension, the common interests of its shareholders even when the rules have been followed.」
The Company continues to set out a takeover defense policy applicable to acquisitions of 20% or more, together with rules for providing information and securing time for review. - FY2017-Q1RestatedAnnual report
「The outline of this policy is that large-scale purchasers seeking to acquire 20% or more of the Company’s shares or other securities must comply with the large-scale purchase rules set out in the policy, including providing the necessary information on the large-scale purchase in advance and allowing sufficient time for the Board of Directors to evaluate and deliberate on it. The Company may implement defensive measures if the large-scale purchaser does not comply with the rules, or if it is clearly recognized that the large-scale purchase would materially harm the Company’s corporate value and, by extension, the common interests of its shareholders even when the rules have been followed.」
The Company continues to set out a takeover defense policy applicable to acquisitions of 20% or more, together with rules for providing information and securing time for review. - FY2016First statedAnnual report
「The outline of this policy is that large-scale purchasers seeking to acquire 20% or more of the Company’s shares or other securities must comply with the large-scale purchase rules set out in the policy, including providing the necessary information on the large-scale purchase in advance and allowing sufficient time for the Board of Directors to evaluate and deliberate on it. The Company may implement defensive measures if the large-scale purchaser does not comply with the rules, or if it is clearly recognized that the large-scale purchase would materially harm the Company’s corporate value and, by extension, the common interests of its shareholders even when the rules have been followed.」
The takeover defense policy applies to acquisitions of 20% or more and sets out procedures for providing information and securing time for review.